Math may be a little off above. 4xEBITA is 5.7B we're at 4.115B. The games they are playing with the balance sheet additional 700m for buybacksout of cash flow . Makes for a total of 2.3B. No taxes being paid. Revolving account may not be considered as part of the 4x. May be more flexability. Not sure if any of this is right but I'm no accountant. Anyone????

I am so tempted to load up to the hilt AH 3.41. Am I completely foolish? I have a strong gut feeling we see a slow but steady rise from here on out. Today was just the typical Sirius WTF routine. Although I hoped for rational action, I completely expected the pop and drop. I'm considering going all in before the end of AM. Somebody please talk me out of it if you have good reason this is a knucklehead move.

SF....Nice article....thanks man. Since SA banned me months back (surprise, surprise) i can no longer leave comments. You state in the article "This means that only 534,238 new subscribers are needed to reach this goal." Hell we could hit that number in Q4 alone....no? Again thanks for the article.

I am not expecting any strong bull moves up in sp near term but i get the feeling based on the article that a bull move in sp can be reasonably expected by year end.

Big drop posted in shares outstanding. Does not include converts but still. Between liberty and institutional they own 84% rounding up. That is if no institutional buying is posted before the 15th. They have to post it 45 days after end of quarter. Enough money approved in buybacks to remove 2/3rds of what is left in retail hands. I don't know about anyone else but I'm in and holding on for the ride. Things are going to get interesting!!!

Math may be a little off above. 4xEBITA is 5.7B we're at 4.115B. The games they are playing with the balance sheet additional 700m for buybacksout of cash flow . Makes for a total of 2.3B. No taxes being paid. Revolving account may not be considered as part of the 4x. May be more flexability. Not sure if any of this is right but I'm no accountant. Anyone????

I'm thinking Liberty takes SIRI to 4.5x. I believe the calculation is based on the TTM of EBITDA also. But I think by next January/February, the debt load will be up to around $6.4B (1.425B x 4.5). I really think Malone/Maffei are going to stretch the limits as long as it doesn't negatively affect the credit rating.

I'm not certain if the revolving LOC counts against the debt/EBITDA ratio. I have been assuming it does for now - does anyone else know?